De Beers’ Gahcho Kué diamond mine has expanded its resources with the start of mining operations in Hearne Pit, the second of the mine’s three kimberlite pipes.
De Beers Canada has launched the first four scholarships in a $639,000 initiative to support female students in science, technology, engineering, and mathematics (STEM) programs.
De Beers Group has released its preliminary financial results for 2017, with a number of changes attributed to developments in its Canadian mines—in particular, Gahcho Kué.
They say history repeats itself, and that it’s a fool’s errand to attempt to predict the future, but it is still worth asking: in the diamond industry, where are we and where are we headed?
The Gahcho Kué mine—one of the 10 largest diamond mines in the world—will formally open today. The mine sits about 280 kilometres northeast of Yellowknife and is only 80 kilometres southeast of De Beer’s recently closed Snap Lake diamond mine.
The mine, which is co-owned by De Beers Canada (51 per cent) and Mountain Province Diamonds (49 per cent), is estimated to provide a $6.7 billion boost to the Canadian economy over its anticipated … Continue reading Gahcho Kué mine opens
De Beers is selling its Snap Lake diamond mine. The news was first reported by Reuters, which said De Beers had hired Bank of Montreal to find a suitable buyer.
Mountain Province Diamonds says production at Gahcho Kué is still scheduled to commence in the third quarter of the year, now that it’s achieved mechanical completion of the primary crusher.
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